In Atlanta, tax allocation districts are an economic tool used for major development projects throughout the city — and a point of contention politically.
Tax allocation districts (TADs) are zones in which a base property tax value is frozen at creation, and any increases in property tax above that base are used for development in that specific area rather than funding public schools or government services. Base property tax revenue still goes to public services as usual. In other parts of the country, TADs are also known as tax increment financing (TIF).
The redevelopment of the abandoned Atlantic Steel Mill into the Atlantic Station shopping center and residential area was supported by TAD funding.
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